BRIEF-Stora Enso divests its stake in Arapoti Mill in Brazil

jueves 31 de diciembre de 2015 07:08 GYT

Dec 31 (Reuters) - Stora Enso Oyj :

* Divests its ownership in Arapoti Mill in Brazil to Papeles Bio Bio

* Has signed agreement to divest its entire 80 pct shareholding in Arapoti magazine paper mill in Paraná, Brazil, to Papeles Bio Bio, a Chilean paper producer

* Divestment supports its transformation into a renewable materials growth company

* Consideration for divestment of shares is about 21 million euros ($23 million), subject to customary closing day adjustments

* Loss on disposal amounts to about 27 million euros and will be recorded as non-recurring item in its Q4 results

* Transaction decreases Stora Enso's sales by about 100 million euros

Source text for Eikon: Further company coverage: ($1 = 0.9166 euros) (Gdynia Newsroom)